Sami Siddiqui Sells 40,000 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami Siddiqui sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.51, for a total value of $2,980,400.00. Following the transaction, the chief financial officer owned 35,766 shares of the company’s stock, valued at approximately $2,664,924.66. This represents a 52.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Restaurant Brands International Stock Performance

QSR traded up $0.50 during trading hours on Tuesday, hitting $75.07. The company’s stock had a trading volume of 4,248,414 shares, compared to its average volume of 3,475,697. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.57. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of $26.06 billion, a PE ratio of 20.26, a PEG ratio of 2.12 and a beta of 0.56. The company has a 50-day simple moving average of $69.44 and a 200 day simple moving average of $68.22.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio is currently 105.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new position in shares of Restaurant Brands International in the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its position in shares of Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 346 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Restaurant Brands International during the 3rd quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Restaurant Brands International in the fourth quarter valued at about $29,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in Restaurant Brands International in the second quarter valued at about $35,000. 82.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Thursday, January 22nd. JPMorgan Chase & Co. decreased their price target on Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating for the company in a research note on Tuesday, February 24th. Oppenheimer reissued an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a report on Tuesday, November 25th. Finally, Barclays cut their price objective on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.95.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.